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Astra raised nearly $500,000,000 in connection with its Nasdaq listing ahead of its first commercial mission this summer.
Astra last launched its Rocket 3 vehicle in December 2020 and that test flight fell short of reaching orbit.
Astra began trading on Nasdaq after merging with special-purpose acquisition company Holicity, whose shareholders approved the deal on 2021-06-30.
Astra will begin trading on the Nasdaq exchange on 2021-07-01 after completing its merger with Holicity.
Astra’s Rocket 3.2 fell just short of reaching orbit in a 2021-12-15 demo mission after running out of fuel early.
In a 2023-06-01 IPO-Edge webinar, Astra projected performing three launches 2021, increasing to 15 in 2022 and as many as 300 in 2025.
Astra acquired electric propulsion company Apollo Fusion on 2021-06-07 in a deal valued at up to $145,000,000.
Astra has stated it has the resources to execute a plan to build a 100-year company.
Astra is acquiring Apollo Fusion, an electric propulsion company, for $50,000,000 in cash and stock with an additional $95,000,000 in earn-out incentives.
Under a deal Astra reached with Nasdaq through 2025, every Astra launch will be broadcast on a Times Square billboard in New York City to highlight its customer mission.
Astra announced plans on 2021-02-02 to trade on Nasdaq by merging with Holicity, a blank-check company run by cellular industry pioneer Craig McCaw that went public in 2020-08-01.
Apollo Fusion thrusters will support Astra’s move into the small satellite manufacturing business and enable Astra to provide launch and space services beyond low-Earth orbit starting next year.
Astra’s shares closed up 4.5% to $12.90 on 2021-07-01 after the company’s first day of trading on the Nasdaq stock exchange.
TROPICS Pathfinder is identical to the six TROPICS satellites that Astra will launch on its Rocket 3 small launch vehicle in 2022.
Astra is purchasing Apollo Fusion for an initial purchase price of $50,000,000 consisting of $30,000,000 in stock and $20,000,000 in cash.
Astra is acquiring Apollo Fusion in a transaction valued up to $145,000,000.
Astra has booked over $150,000,000 of contracted launch revenue.
The transaction reflects an implied pro-forma enterprise value for Astra of approximately $2,100,000,000.
The Astra acquisition of Apollo Fusion includes potential earn-outs of up to $95,000,000 consisting of $10,000,000 in employee incentive stock, $10,000,000 in cash for reaching technical milestones, and $75,000,000 ($60,000,000 in stock and $15,000,000 in cash) for reaching revenue milestones.
Astra will begin delivering customer payloads this summer and start monthly launches by the end of 2021.